Equally near to the Tokyo City Air Terminal, I found a passable alternative
in City Pension Zem.
That job, and especially its oversight responsibilities for millions
in city pension funds, gives its holder enormous power that can be used in a 101 ways to promote political causes that have nothing to do with the real responsibilities of the office, which are to ensure good returns for the taxpayer.
Not exact matches
Among them are New York
City Comptroller Scott Stringer, who oversees the city's pension fund that currently holds nearly $ 1 billion in Facebook st
City Comptroller Scott Stringer, who oversees the
city's pension fund that currently holds nearly $ 1 billion in Facebook st
city's
pension fund that currently holds nearly $ 1 billion
in Facebook stock.
The
city is weighed down with debt, billions
in unfunded
pension obligations, declining credit ratings, a police department often accused of using excessive force against African - Americans, a rising tide of murders, and a host of other troubles.
In agreement with ISS are big shareholders like the New York
City and State
pension funds and the California Teachers» Retirement System.
The money will patch holes
in Detroit's
pension funds, prevent even deeper cuts to retirees and avert the sale of
city - owned art at the world - class museum.
Earlier this year, Indiana passed right - to - work legislation and two
cities in California voted to curb the
pensions of public sector workers.
After warning the
City of Stockton that its pension obligations did not enjoy a privileged position in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the city's plan of adjustm
City of Stockton that its
pension obligations did not enjoy a privileged position
in federal bankruptcy court, U.S. Bankruptcy Judge Christopher Klein proceeded to confirm the
city's plan of adjustm
city's plan of adjustment.
He criticized states for kicking the can down the road, living beyond their means year after year
in a «never - ending sense of crisis» that results
in «stop - and - go funding of vital programs,» such as those for infrastructure, education,
pensions and
city and county services.
The Comptroller serves as investment advisor, custodian and a trustee to the New York
City Pension Funds, which have more than $ 160 billion
in assets and a long history of active ownership on issues of corporate governance and sustainability.
A so - called Grand Bargain taps
in to $ 816 million from foundations, the DIA and the state of Michigan to ease
pension cuts and protect
city - owned art work from sale.
The New York
City Employees» Retirement System; the New York
City Fire Department
Pension Fund; the New York
City Teachers» Retirement System; the New York
City Police
Pension Fund; and the New York Board of Education Retirement System, as joint filers (NYC Retirement System), c / o The
City of New York, Officer of the Comptroller, 633 Third Avenue, 31st Floor, New York, New York 10017, which
in the aggregate held 12,707,578 shares of common stock on November 15, 2011, the New York State Common Retirement Fund, whose address is the same as that of the NYC Retirement System, which held 19,560,008 shares of common stock on November 22, 2011, and the Illinois State Board of Investment on behalf of the State Employees» Retirement System of Illinois, c / o 180 N. LaSalle Street, Suite 2015, Chicago, Illinois 60601, which
in the aggregate held 928,927 shares of common stock on November 18, 2011, the Judges» Retirement System of Illinois and the General Assembly Retirement System of Illinois, as co-filers, intend to submit a resolution to stockholders for approval at the annual meeting.
The Ba1 rating on Chicago's GO debt incorporates expected growth
in the
city's highly elevated unfunded
pension liabilities.
Based on the Illinois Supreme Court's May 8 overturning of the statute that governs the State of Illinois» (A3 negative)
pensions, we believe that the
city's options for curbing growth
in its own unfunded
pension liabilities have narrowed considerably.
Last week, New York
City comptroller Scott Stringer called for similar changes in Facebook's board structure on behalf of the city's municipal pension fund, a significant investor in Faceb
City comptroller Scott Stringer called for similar changes
in Facebook's board structure on behalf of the
city's municipal pension fund, a significant investor in Faceb
city's municipal
pension fund, a significant investor
in Facebook.
Climate change activists around the
city, including the leader of a Sunset Park group, are praising a decision by the de Blasio administration to divest $ 5 billion
in pension holdings from companies dealing
in fossil fuel.
Canada
Pension Plan Investment Board recently committed to a $ 234 - million joint venture to build a residential, office, retail and hotel space
in the
city of Suzhou, China, for example.
Ivanhoé, the real estate investment arm of
pension plan manager Caisse de dépôt et placement du Québec, has been most successful
in buying properties
in New York, and now has more than 5.5 million - square - feet of the
city's real estate
in its portfolio, says Adam Adamakakis, executive vice president of US Investments at Ivanhoé.
In San Jose, California, the
city wanted to lower the unrealistic 7.5 % return from the public
pension fund there.
A massive campaign aimed at forcing Switzerland to make billions available
in «compensation» was launched by the WJC, with the governors of four American states threatening economic sanctions against the Swiss, and the
City of Los Angeles withdrawing millions of dollars of
pension funds from a Swiss bank.
> Matthew J. Price was associate director of the Duke Pastoral Leadership Project at Duke Divinity School
in Durham, North Carolina, and is now director of analytical research at the Episcopal Church
Pension Group
in New York
City.
If they planned to get anything out of
City, then they all - Kean and Venky's - need to be relieved of their duties on medical grounds, then
pensioned off to a large walled compound to tend plants and live happily
in institutionalised calm.
As I said earlier, the society expects more of the government: citizens expect them to deal with the pollution
in the
cities, they expect them to put
in place a better and proper health service, they expect
pensions, [and] they expect their children to have reasonable schools to go to.
There are five
pension funds
in New York
City, which, unlike the state
pension fund, are run by boards of trustees comprised of elected and appointed officials and union representatives.
Taxpayers» share of
city pension costs has skyrocketed more than 900 percent
in the last decade — from $ 703.1 million
in 2000 to $ 6.5 billion
in 2009, according to the NYC comptroller's office.
There would, however, be a separate bill
in which Cuomo seeks an agreement to allow some police officers, firefighters and members of the New York
City Employees» Retirement System, which includes corrections officers, to qualify for enhanced accidental disability
pension benefits, according to an anonymous administration official who spoke to the New York Times.
The omnibus extraordinary session package also provides a financial incentives to entice Vernon Downs racino and harness track to remain open; offers $ 55 million
in relief for Lake Ontario communities ravaged by flooding; tweaks a law to allow New York
City first responders to receive an accidental disability
pensions even if they don't receive a federal Social Security disability
pension; and creates a 250 - acre forest land bank to allow for certain public utility projects under a constitutional amendment.
New York
City sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions in fossil fuel investments from the city's pension fu
City sued five major oil companies, claiming they have contributed to global warming, and also announced it will sell off billions
in fossil fuel investments from the
city's pension fu
city's
pension funds.
Senate Republicans passed a broad disability
pension hike favored by the
city unions, but Assembly Democrats honored the New York City Council's home rule message in favor of de Blasio's alternat
city unions, but Assembly Democrats honored the New York
City Council's home rule message in favor of de Blasio's alternat
City Council's home rule message
in favor of de Blasio's alternative.
The divestment represents the latest move by the
city's
pension funds to dissociate the
city's $ 160 billion worth of assets, one of the largest public
pension systems
in the country, from gun retailers, and firearm and ammunitions manufacturers
in response to a wave of mass shootings.
As I explained
in the post below,
city residents may also be paying state taxes to cover the
pension contributions of localities elsewhere
in the state, even as
city residents pay more than anyone anywhere for the
city's own
pension contributions.
Last year, after the mass shooting
in San Bernardino, California, Mayor Bill de Blasio called on the other three of the
city's five
pension funds to further divest their holdings
in companies that manufacture weapons and ammunition.
Further, Miner has made it clear that even with this temporary reduction
in pension payments, the
city still can not balance its budget and faces cuts that would compromise the gains made
in the last decade.
The board of the New York
City Employees Retirement System, the city's largest pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer s
City Employees Retirement System, the
city's largest pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer s
city's largest
pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings
in companies that sell firearms, a spokesman for
City Comptroller Scott Stringer s
City Comptroller Scott Stringer said.
At the time James proposed the divestment, New York
City's five
pension funds owned more than five million shares
in Walmart, and NYCERS, the
pension system's largest fund, held 1.4 million Walmart shares.
Koslowitz built up her
pension after 23 years on the
city payroll, including a decade
in the council that ended
in 2001 after the arrival of term limits.
Tax - funded public -
pension costs for every level of state government rose from absolutely minimal levels
in 2000 to a grand total of more than $ 16 billion last year, half of it
in New York
City alone.
Meanwhile, things that could address systemic problems and save the
city and state real money, including public
pension reform, get shouldered off the road
in favor of transient quick fixes like taxes on soda and cigarettes.
At the kick off event
in New York
City, a prominent figure
in busting corruption
in the legislature announced he's found a back door way to confiscating the
pensions of convicted state politicians.
Senator Savino, a former high ranking union official, says municipal union leaders
in New York
City have not yet been adequately briefed on a policy that would represent a big change for public
pensions.
Because of the collapse of the financial markets
in the Great Recession,
cities and counties have been billed increasing amounts
in the last few years to keep the New York State
Pension Fund healthy.
With the
city facing more budget cuts or even, as she suggested, «insolvency,» Miner was hoping for relief
in an area where Albany is itself the prime culprit because of the exploding cost of
pensions and benefits promised to public employees.
NYSTRS has since lowered its assumed return to 7.5 percent, while the
city pension funds are
in the process of «amortizing» their annual expectations down to 7 percent.
The New York
City bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension sys
City bill would have imposed roughly $ 400 million
in new costs on
city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension sys
city taxpayers
in the next four years, adding billions
in liabilities to an already under - funded
pension system.
TUC general secretary Brendan Barber: «The speech contains important issues to welcome - restoring the state
pension link with earnings, cracking down on high - risk activities
in the
City, and an extra push on green energy.
Prosecutors
in Bharara's office filed court papers
in two separate corruption cases giving notice that they were adding the
pensions of two state senators, a
city councilman and two other officials to the list of property subject to forfeiture if the officials are convicted.
In addition, the city's pension contribution is slated to exceed $ 8.2 billion and health benefits are on track to surpass $ 9.1 billion in Fiscal Year 2015, which takes effect July 1, 2014, according to the city's most recent fiscal pla
In addition, the
city's
pension contribution is slated to exceed $ 8.2 billion and health benefits are on track to surpass $ 9.1 billion
in Fiscal Year 2015, which takes effect July 1, 2014, according to the city's most recent fiscal pla
in Fiscal Year 2015, which takes effect July 1, 2014, according to the
city's most recent fiscal plan.
* Concerning the
city pension funds» adoption
in 2012 of a 7 percent assumed rate of return, Bloomberg added: «If I can give you one piece of financial advice: If somebody offers you a guaranteed 7 percent on your money for the rest of your life, you take it and just make sure the guy's name is not Madoff.»
Topics included Peter Ragone's role
in the administration, de Blasio's engagement
in the
city council speaker race, plans concerning his wife's possible staff and office, Health Commissioner Tom Farley, Schools Chancellor Carmen Farina's
pension and salary and Governor Cuomo's plans to allow medical marijuana
in New York.
At the kick - off event
in New York
City, a prominent figure
in busting corruption
in the legislature announced he's found a back door way to confiscate the
pensions of convicted state politicians.